The typical owner-occupied home in Loving is worth about $171,600, 31% below the New Mexico median of $248,100 and 48% below the national median of $332,700. Owners pay a median $402 a year in property taxes, about 0.23% of their home's value, lower than the New Mexico rate of 0.70%. The median household earns $43,884 a year, so the median home costs 3.9 times the median income (3.9 times for New Mexico). 75% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Loving at a glance
| Loving | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $171,600 | $248,100 | $332,700 |
| Median property tax paid per year | $402 | $1,731 | $3,119 |
| Property tax as a share of value | 0.23% | 0.70% | 0.94% |
| Median household income | $43,884 | $64,059 | $80,734 |
| Homes lived in by their owners | 75% | 70% | 65% |
| Owner homes with a mortgage | 29% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,267 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 16.5% | 20.6% | 21.0% |
| Median rent | $1,327 | $1,067 | $1,413 |
| Rent as a share of renters' income | 35.8% | 30.1% | 30.6% |
| Median year homes were built | 1973 | 1985 | 1980 |
| Vacant homes | 26.1% | 12.5% | 10.1% |
| Population | 1,357 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Loving
At this week's average 30-year rate of 7.11%, buying the median Loving home of $171,600 with 20% down costs about $1,028 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,314, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $44,052 for the 20%-down payment. That payment is 28% of the median Loving household income of $43,884; at that income and 20% down, the 28% guideline points to a home of about $171,000.
The median rent here is $1,327 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $34,320 |
|---|---|
| Loan amount | $137,280 |
| Principal and interest | $923 |
| Property taxes (0.23% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| PMI | $0 |
| Total per month | $1,028 |
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| Down payment | $6,006 |
|---|---|
| Loan amount | $168,492 |
| Principal and interest | $1,133 |
| Property taxes (0.23% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| FHA mortgage insurance | $76 |
| Total per month | $1,314 |
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Questions about home buying in Loving
What is the median home value in Loving?
About $171,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Loving?
Homeowners pay a median $402 a year, which is about 0.23% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Loving?
For the median home with 20% down at 7.11%, the payment is about $1,028 a month. Keeping that under 28% of gross income takes about $44,052 a year.
More about Loving
- Mortgage Refinance in Loving
- Debt Relief in Loving
- Home Equity Loans in Loving
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data